Nissan Chemical’s agrochemical sales up 12% in Q1 FY 2018

Sales of Nissan Chemical’s agrochemical segment in the first quarter of fiscal year 2018 was 16,359 million yen (an increase of 1,758 million yen, 12% increase compared to Q1 of fiscal year 2017) and operating income was 5,136 million yen (an increase of 592 million yen, 13%). Compared to the first quarter target, net sales was below 900 million yen and operating income was below 500 million yen.

Shipments of Fluralaner (active ingredients for veterinary pharmaceuticals) expanded, and domestic sales of "ALTAIR" (paddy rice herbicide) also performed well. In addition, agrochemicals for overseas such as "PULSOR" (fungicide) increased. On the other hand, sales of "ROUNDUP" (non-selective herbicide) decreased due to the impact of earlier shipments in the previous fiscal year.